# Upswing Financial Technologies: Financial services, Bengaluru, India

> Upswing Financial Technologies: Upswing Financial Technologies is an Indian fintech company founded in 2021 by Anupam Bagchi and Nihar Gupta.

Source: https://millionrounds.com/startup/upswing-financial-technologies (Millionrounds; every figure on the page links to its filing or article)

India · [Financial services startup](https://millionrounds.com/companies)

# Upswing Financial Technologies

Upswing Financial Technologies is an Indian fintech company founded in 2021 by Anupam Bagchi and Nihar Gupta.

Funding reported Last round: Seed

Financial services Bengaluru, India

Company summary

- **Founded:** 2021 5 years old
- **Team:** 46 11 to 50 people
- **Funding reported:** 8.2M as listed, currency not stated
- **Last round:** Seed Jan 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Upswing Financial Technologies has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Upswing Financial Technologies

Upswing Financial Technologies is an Indian fintech company founded in 2021 by Anupam Bagchi and Nihar Gupta.

Based in Mumbai, with significant operations in Bengaluru and Pune, Upswing specializes in providing a comprehensive "Banking-as-a-Service" (BaaS) platform. This platform simplifies the integration of financial services for consumer technology companies and fintechs, allowing them to launch various financial products like savings accounts, lending, and payments quickly and efficiently. The company's primary offering, Upswing.one, features a modular API infrastructure that connects partners directly to banking services. It includes pre-built modules for savings, deposits, lending, and payments, while also managing compliance and security. Upswing operates on a subscription and usage-based pricing model, making it easier for businesses to enter the financial services market. With over $8.2 million in funding and a valuation of approximately $34.5 million as of late 2023, Upswing is positioned as a key player in the evolving open finance landscape.

## What company datasets say Upswing Financial Technologies raised

Funding, as reported

Reported in all **8.2M** in the source's currency

Rounds **2**

Last round **Seed**

Last round size **4.2M**

Last round date **Jan 2024**

Investors listed **23**

## Founders and team

From Upswing Financial Technologies's own website: 5 founders.

**Anurag Sinha** Founder

**Jitendra Gupta** Founder

**Kunal Shah** Founder

**Lalit Keshre** Founder

**Rajan Bajaj** Founder

## On a portfolio page

Investors who name them

- [Better Capital](https://millionrounds.com/fund/better-capital-2)

Each firm lists Upswing Financial Technologies on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

security secure api platform open banking enterprise fintech computer & network security microservices modular platform banking & financial services information technology & services finance-as-a-service api platform financial services finance data security modular architecture software as a service

Built with from their website

Amazon CloudFront Google Workspace CloudFlare Viewport Meta Webflow Hosting Apple Business Manager Google Meet CloudFlare CDN React Google Font API

+8 more

Google Forms Mobile Friendly WhatsApp styled-components Open Graph Amazon Route 53 jQuery Apple iOS

- **Sector:** Financial services
- **Industry code:** NAICS 51321, 541512, SIC 7375, 7372, 7371
- **Region:** Karnataka
- **Revenue:** 4M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/upswing-financial-technologies)

## Financial services in India

Startups like it

- [**KreditBee** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/kreditbee)
- [**CoinDCX** Mumbai · founded 2018 *Raised*](https://millionrounds.com/company/coindcx)
- [**Navi** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/navi)
- [**Scapia** Bengaluru · founded 2022 *Raised*](https://millionrounds.com/company/scapia)
- [**Khatabook** Bengaluru · founded 2018 *Raised*](https://millionrounds.com/company/khatabook)
- [**KredX** Bengaluru · founded 2015 *Raised*](https://millionrounds.com/company/kredx)
- [**Turtlemint** Mumbai · founded 2015 *Raised*](https://millionrounds.com/company/turtlemint)
- [**Upstox** Mumbai · founded 2009 *Raised*](https://millionrounds.com/company/upstox)

## Is this your company?

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